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SBI or the State Bank of India is the largest bank in India. It is India’s premier Public Sector bank that has a worldwide footprint. To maintain growth amidst growing competition from the private banks, it has been constantly bringing out new features and changes to its working. It has been implementing new technology to benefit end users.
In this post, I share some recent changes that affect you as a user. And about which you should be aware.
SBI – CHANGES YOU SHOULD KNOW
|Names, IFSC changed of 1300 branches||Recently, the associate banks of SBI were merged into the parent bank. Following this, the names and IFS codes were changed of 1300 branches.|
|Aadhar Linking||If you have not yet linked your Aadhaar number with your SBI bank account, do it today. The last date is March 31, 2018.|
|Low IMPS, NEFT, RTGS changes||SBI has reduced online money transfer charges for IMPS, NEFT and RTGS.|
These new rates have been effective from 15 October 2017.
HOW TO LINK AADHAR TO SBI ACCOUNT
If you are thinking about the second point mentioned about and are beginning to panic, don’t!
We have shared a post about how you can link your SBI bank account to your Aadhaar number. Do this as quickly as possible to avoid any issue later. Don’t wait for court case results to come or the bank to contact you.
We hope you find this and other posts useful. Do check out all our other posts and categories.
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